JSW Energy Boosts Renewable Portfolio with Second 80 MW Unit at Kutehr Hydro Plant
JSW Energy has commissioned the second 80 MW unit of its 240 MW Kutehr hydroelectric power plant in Himachal Pradesh, bringing the total commissioned capacity to 160 MW. Power dispatch to Haryana has begun under a 35-year agreement with Haryana Power Purchase Centre at ₹4.50 per kilowatt-hour. The company's installed hydro capacity has increased to 1,551 MW, with renewable energy now comprising 56% of its total portfolio. JSW Energy aims to achieve 30 GW generation capacity by 2030 and carbon neutrality by 2050. The market responded positively, with the company's shares trading 2.15% higher on the BSE.

*this image is generated using AI for illustrative purposes only.
JSW Energy , a leading private sector power producer in India, has achieved a significant milestone in its renewable energy expansion strategy. The company recently commissioned the second 80 MW unit of its 240 MW Kutehr hydroelectric power plant in Himachal Pradesh's Chamba district, bringing the total commissioned capacity at the site to 160 MW.
Project Highlights
Aspect | Detail |
---|---|
Location | Chamba district, Himachal Pradesh |
Total Planned Capacity | 240 MW (3 x 80 MW units) |
Current Commissioned Capacity | 160 MW |
Power Purchase Agreement | 35-year agreement with Haryana Power Purchase Centre |
Tariff | ₹4.50 per kilowatt-hour |
Operational Progress
JSW Energy has begun power dispatch from the newly commissioned 160 MW capacity to Haryana, marking a crucial step in the project's development. The company expects to commission the final 80 MW unit shortly, which will bring the Kutehr plant to its full capacity of 240 MW.
Strategic Importance
This addition is part of JSW Energy's broader strategy to expand its renewable energy portfolio. With the commissioning of the second unit at Kutehr, the company's installed hydro capacity has increased to 1,551 MW. Notably, renewable energy now comprises 56% of JSW Energy's total portfolio, which includes:
- 2,157 MW of solar capacity
- 3,562 MW of wind capacity
Long-term Power Purchase Agreement
The entire 240 MW output from the Kutehr plant is secured under a 35-year Power Purchase Agreement with the Haryana Power Purchase Centre. This long-term agreement provides stability and predictability to the project's revenue stream.
JSW Energy's Growth Trajectory
JSW Energy has set ambitious targets for its future growth:
- Total Locked-in Generation Capacity: 30.3 GW
- 12.9 GW operational
- 12.8 GW under construction
- 2030 Target: 30 GW generation capacity and 40 GWh of energy storage capacity
- Long-term Goal: Achieve Carbon Neutrality by 2050
Market Response
The market responded positively to this development, with JSW Energy's shares trading 2.15% higher at ₹525.90 on the Bombay Stock Exchange (BSE).
Management Commentary
Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, expressed pride in the project's progress, stating, "We are proud to inform the successful commissioning of the second 80 MW unit of the Kutehr Hydroelectric Power Plant taking the commissioned capacity to 160 MW. We expect the last unit to be commissioned soon. The timing helps us to capitalise on high water inflows during the peak generation season and reinforces our strong project execution capabilities."
As JSW Energy continues to expand its renewable energy footprint, the Kutehr hydroelectric project represents a significant step towards the company's goal of achieving a more sustainable and diverse power generation portfolio.
Historical Stock Returns for JSW Energy
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-0.68% | +1.43% | +4.79% | +8.06% | -21.85% | +1,071.16% |